NRG Energy, Inc. (NRG) Q3 FY2026 earnings

Reported results

• GAAP Net Income was $561 million for the third quarter of 2026, compared to $152 million for the third quarter of 2025.
• GAAP EPS — basic was $2.59 for the third quarter of 2026, compared to $0.70 for the third quarter of 2025.
• GAAP Cash Provided by Operating Activities was $1,097 million for the third quarter of 2026.
• Non-GAAP Adjusted Net Income was $983 million for the third quarter of 2026.
• Non-GAAP Adjusted EPS was $4.68 for the third quarter of 2026.
• Non-GAAP Free Cash Flow before Growth Investments (FCFbG) was $1,242 million for the third quarter of 2026.

Guidance

• Reaffirmed 2026 non-GAAP Adjusted Net Income guidance of $1,685 million to $2,115 million.
• Reaffirmed 2026 non-GAAP Adjusted EPS guidance of $7.90 to $9.90.
• Reaffirmed 2026 non-GAAP Adjusted EBITDA guidance of $5,325 million to $5,825 million.
• Reaffirmed 2026 non-GAAP FCFbG guidance of $2,800 million to $3,300 million.
• Initiated 2027 non-GAAP Adjusted Net Income guidance of $1,665 million to $2,075 million.
• Initiated 2027 non-GAAP Adjusted EPS guidance of $8.05 to $10.05.
• Initiated 2027 non-GAAP Adjusted EBITDA guidance of $5,500 million to $6,000 million.
• Initiated 2027 non-GAAP FCFbG guidance of $2,900 million to $3,400 million.

Notes

2027 Guidance does not reflect the expected impacts of the announced 4.9 GW asset sale.

Price and volatility reaction

The stock moved +10.3% on the print. No front-expiry chain was on file, so there is no straddle expected move.

Source

The figures above come from the earnings release the company filed with the SEC on 2026-11-09 (8-K, Item 2.02). Read the original filing on sec.gov.